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A two-country NATREX model for the euro/dollar
Belloc, Marianna; Federici, Daniela - 2008
This paper develops a NATREX (NATural Real EXchange rate) model for two large economies, the Eurozone and the United …
Persistent link: https://www.econbiz.de/10010264355
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The New Keynesian Phillips Curve and the role of expectations : evidence from the Ifo world economic survey
Henzel, Steffen; Wollmershäuser, Timo - 2006
We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected euro zone countries, the US and the UK. Instead of imposing rational expectations and estimating the Phillips curve by the Generalized Method of Moments, we follow Roberts (1997) and Adam and Padula (2003) and...
Persistent link: https://www.econbiz.de/10010261432